Industrial production, producer prices fall in April

(May 15, 2013) -- U.S. industrial production fell 0.5 percent in April 2013 and missed market expectations for a modest 0.2 percent decline. Producer prices in the U.S. fell 0.7 percent in April 2013 to follow the 0.6 percent month-over-month decline seen in March. Canadian manufacturing sales slipped 0.3 percent in March 2013, which was below market expectations for a 0.5 percent increase.